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Tenemos Confianza Group
In this Group: Natividad, Concepción , Alma Nidia

Update on Tenemos Confianza Group

This group consists of three successful entrepreneurs. One of them is Natividad de Mercedes, who sells used clothing and Avon cosmetics. She has been in business for three years. Her grown daughter helps her with selling cosmetics. The loan she is receiving will be used to purchase a bale of used clothing.


Doña Concepción Birmania has a small sewing workshop where she produces articles of clothing such as school uniforms, skirts, men’s and women’s shirts, as well as bags made of recycled fabric. Doña Alma Nidia sells Avon cosmetics and used clothing in the towns near the capital city.

View original language description ↓
Grupo formado por tres socias emprendedoras de éxito una de ellas es Natividad de Mercedes que se dedica a la venta de ropa usada, venta de cosméticos Avon, actividad que se dedica desde hace 3 años, su hija que es mayor de edad le ayuda a comercializar los cosméticos. El crédito lo utilizara para la compra de paca de ropa usada, doña Concepción Birmania tiene un pequeño taller de costura donde fabrica ropa en series como uniformes escolares faldas, camisas de mujer y varón, y bolsos con telas de reciclajes en serie, doña Alma Nidia vende cosméticos de la Avon, y ropa usada a los municipios cercanos a la capital.

Previous Loan Details

The group "Tenemos Confianza" (We Have Confidence) consists of three hardworking and enterprising individuals. One of them is Natividad. She is 33 years old, married, and has five children (ages 12, 11, 5, 4, and 2). Natividad sells various products such as clothes, cosmetics, perfumes, and… More from Tenemos Confianza Group's previous loan »

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $3,636
    Average annual income
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Tenemos Confianza Group's $525 loan helped a member to purchase a bale of used clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013